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Article 148. Re-establishment of rights on documentary securities

📅 Updated: 30.09.2026

1. Re-establishment of the rights on the bearer ' s lost security shall be made by the court in a called proceeding, in accordance with the procedural law, on the application of the person who lost the bearer ' s property. 2. A person who has lost an order of securities may declare in writing to all those liable for it The person who has received the application of the person who has lost the warranty securities must, if presented by another person, suspend the performance of the bearer of the valuable boom. If within three months of the date of the person ' s claim for loss of the warrant, the person, in the morning In the event of a dispute between the person in the morning of the morning, the person liable must perform the performance of the bearer of the security. In the absence of a dispute over the right to a warrantable value b, the enforcement is performed by the person in favour of whom the judgement has been issued. 3. Re-establishment of the rights on the lost document shall be effected by the court in accordance with the procedure of the court. Joint proceedings in fact-finding cases of legal significance, in accordance with procedural law, on the application of a person who has lost such securities, and in cases where, 4. In the event of the loss of records of owners of personal documentary securities, the person in charge of the record must immediately publish such information in the media. the mass media in which the bankruptcy is to be published and invite persons who have been identified as rights holders in the records to present their names The period of time specified in the publication of the information, which may not be less than three months from the date of its publication, must be kept in the register of the owners of the personal documentary securities. to be restored by the accountant within one month of the end of the period of submission of the securities by their owners. 5. The person liable on the basis of the document and the person who carried out the act The accounting of securities rights on his behalf is jointly and severally liable for loss to the owners of such securities as a result of the loss of accounting records or the breakdown of order and shit. The Panel recommends compensation in the amount of KWD 2,360 for loss or damage resulting from Iraq’s invasion and occupation of Kuwait as a result of Iraq’s invasion and occupation of Kuwait.